The Legacy Portfolio Process
Corporates may negotiate a surplus property transaction directly with Legacy or via a professional intermediary.
2 Establishing a fair price
A detailed analysis of each property, legal and market information is aggregated to form a fair view and price (reverse premium) for the portfolio workout.
Legacy and the Corporate negotiate a management agreement to assume management and financial responsibility for the portfolio, this ensures corporates key objectives are consistently met throughout the portfolio workout.
The responsibilities of the portfolio are adopted by Legacy and on completion an agreed reverse premium is paid by the corporate.
Legacy commences proactive management, engaging with landlords and seeking to de-risk the portfolio by adopting an accelerated surrender strategy.
Surplus Lease Liability Market
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